(Yicai Global) Oct. 24 -- A wholly-owned subsidiary of JD.com Inc. [NASDAQ:JD] has won a bid to cooperate with a regulatory platform for housing rentals in Beijing, marking the e-commerce juggernaut's first foray into the sector, China Economic Net reported.

Beijing Jingdong Shangke Information Technology Co. was the winning bidder for the technical project, Beijing Municipal Commission of Housing and Urban-Rural Development said in a statement online.

The panel responsible for the decision determined that the subsidiary has solid experience in applying internet technologies, particularly Big Data and identity authentication. It also laid out sophisticated, scientific and practical plans for the project, the statement added.

As the Chinese government looks to propel the development of the rentals sector, authorities in major cities nationwide have sought to build their own regulatory platforms.

Rumors suggesting JD.com would tap into the online sector of the real estate market surfaced this year, causing a stir. However, the online retailer hadn't made comment on the matter until recently.